Monday, March 7, 2011

China Stationery gets nod to list on Bursa Main Market

KUALA LUMPUR: China Stationery Ltd, an integrated plastic stationery company, has received the Securities Commission's approval to list on Main Market of Bursa Malaysia.

The China company said on Monday, March 7 under the listing exercise, it would issue 94 million new shares of which 33.60 million shares will be made available to the Malaysian public and the remaining 60.40 million shares to be placed out.

It would also make a restricted offer for sale of a minimum of 47.80 million shares and up to 54.65 million shares by way of private placement.

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